“The power blackout in India should serve as a reminder to investors of India’s need for “tons” and the prospect of further sector M&A,” the broker told clients in a note, adding that India sources two-thirds of its electricity from thermal coal.

Mighty River Power, the first of a group of New Zealand government assets to be partially floated, could be dual listed in New Zealand and Australia, although no firm decision has been made, State Owned Enterprises Minister Tony Ryall said Thursday.

“The government is considering a number of issues in connection to the government share offers and we’ll be making decisions at the appropriate times. All information will be made available on or before the release of the prospectus,” Mr. Ryall said via email.

Goldman Sachs has been chosen to advise Australia’s New South Wales state government on its 3 billion Australian dollar (US$3.05 billion) sale of electricity generators while Citi has been selected to advise on the sale or lease of the Cobbora coal mine.

“The sale of the State’s electricity generators will release billions of dollars for investment in critical infrastructure projects across NSW, while also saving the State billions of dollars in avoided costs to meet future generation capacity needs,” NSW Treasurer Mike Baird said in a statement. He added that it will save the state A$850 million in ongoing operation and maintenance costs.

Power generator CLP Holdings could be indulging in some smoke and mirrors regarding the fate of its TRUenergy unit in Australia by touting a potential outright sale alongside an initial public offering later this year.

Bankers recall the tactics employed during the run up to the listing of QR National, Australia’s largest coal hauler by volume, two years ago. The Queensland government considered a trade sale during early stages of QR National’s initial public offering process, a move thought to ensure joint lead managers obtained the best value possible.

It comes as CLP this week received pitches for lead manager roles on the possible initial public offering of TRUenergy, expected to be worth around 3 billion Australian dollars (US$3.1 billion), people familiar with the matter said.

With the countdown for the partial listing of Mighty River Power expected in the third quarter, expectation is already creeping into the New Zealand market.

New Zealand’s plan to hawk a 49% stake in the renewable energy focused Mighty River to raise quick cash is likely to create a top-10 indexed stock for investors due to its proven earnings track record, stable management and growth potential based on rising power prices and possible offshore developments.

“It’s got a strong board and management, it’s assets are well positioned for future growth and it’s got renewable energy which means when energy prices eventually rise its costs aren’t go up because the costs with renewable energy remains relatively flat… so they should improve earnings,” Milford Asset Management Investment Analyst William Curtayne, who said interest in the company was high.

Macquarie’s Europe-based infrastructure funds have certainly had a busy week.

The jointly managed Macquarie Renaissance Infrastructure Fund has acquired its second asset, an interest in Russia’s GSR Energy Investments for US$83 million. Earlier this week, Macquarie Infrastructure and Real Assets sold a 9.9% stake in Kemble Water.

GSR supplies both heat and electricity to more than 100 industrial customers located in St. Petersburg region Kolpino as well as to the Kolpino residential area which has a population of 144,000. The fund’s investment will finance the company’s expansion via the construction of an energy efficient combined heat and power plant to meet increasing demand.

About Deal Journal Australia

Deal Journal Australia is an up-to-the-minute take on the deals and deal makers that shape the Australian landscape, including mergers and acquisitions, capital raisings, private equity and debt markets. In short, wherever money changes hands. Deal Journal Australia is updated throughout each trading day with exclusive commentary, analysis, data, news flashes and profiles. The Wall Street Journal’s Gillian Tan is the lead writer, with contributions from other Journal and Dow Jones reporters and editors. Send news items, comments and questions to gillian.tan@wsj.com.

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